Category Archives: Tax IRS
Invest In Cryptocurrency? What Florida Taxpayers Need To Know About IRS Audits
Once a gray area in tax enforcement, the Internal Revenue Service (IRS) has intensified efforts to audit digital asset activity, including trades, sales, staking, and mining. Understanding how crypto is taxed and how the IRS tracks these transactions is more important than ever for Florida taxpayers. Florida does not impose a personal income tax,… Read More »
Florida Rental Property Owners: Avoiding IRS Trouble on Short-Term Vacation Income
Short-term rental platforms like Airbnb and VRBO have become popular sources of income for Florida property owners. Whether you’re renting out a beachfront condo or a home near theme parks and other attractions, it’s crucial to understand how this income is taxed and what could trigger an Internal Revenue Service (IRS) audit. Our experienced… Read More »
Contacted by a Private IRS Debt Collector? How To Protect Yourself While Resolving Tax Debt In Florida
Demands for payment of past tax debts are common but unnerving. It may feel like a scam, particularly when there is demand for payment, but is it? The IRS has, in certain cases, contracted with private debt collection agencies. However, tax scammers often take advantage of this policy to trick unsuspecting taxpayers into handing… Read More »
Dealing With A Florida Sales Tax Audit: How To Protect Your Business
For Florida business owners, few things are more stressful than getting a letter from the Florida Department of Revenue (DOR) announcing a sales tax audit. Even if you’ve tried to stay compliant, mistakes can happen, and the DOR is aggressive in collecting unpaid taxes, interest, and penalties. At Ronald Cutler, P.A., our Florida tax-IRS… Read More »
Self-Employed in Florida? Don’t Overlook These Key Tax Obligations
Florida is home to thousands of self-employed individuals, many of whom work as consultants, freelancers, gig workers, small business owners, and independent contractors. People in these positions enjoy the freedom and flexibility of working for themselves, but with that freedom comes increased responsibility, particularly when it comes to tax compliance. At Ronald Cutler, P.A.,… Read More »
Can the IRS Take Your Home? Understanding Seizure Risks in Florida
Few things are more alarming than the idea of losing your home. If you owe the IRS, you may wonder whether the government can seize your property. In some cases, the answer is yes. While IRS home seizures don’t happen often, they are a legal possibility if your tax debt remains unresolved. At Ronald… Read More »
When The IRS Freezes Your Florida Bank Accounts: What You Can Do
There’s nothing quite as alarming as waking up to find your bank account has been frozen. The Internal Revenue Service (IRS) must provide advance notice, but it can still come as a surprise. One day, your accounts are easily accessible. Next, you are locked out and may not even understand why it happened. This… Read More »
Out-of-State Income? Tax Planning Tips for Florida Retirees
Retiring in Florida offers many perks, including a lower cost of living and no state income tax. However, managing your tax situation could be more complex than expected if you receive any income from outside the state, such as a pension or rental income. Many retirees don’t realize that although Florida doesn’t tax personal… Read More »
Did You Get an IRS Tax Notice? What It Means and How to Respond
No one likes to receive a letter from the Internal Revenue Service (IRS). Even a simple notice can cause anxiety, especially if you are unsure what triggered it or how to respond. The good news? Not every letter from the IRS signals trouble. Some notices are informational, while others may require a timely response…. Read More »
Can the IRS Garnish Your Wages? What Florida Taxpayers Need to Know
Finding out you have an outstanding tax bill is stressful enough. When the government begins taking money directly out of your paycheck as a result, it can justifiably cause panic. Wage garnishment, otherwise known as a wage levy, is a collection tool that allows the IRS to seize a portion of your wages to… Read More »